Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
News Briefs
Jul 18 2005 // ILLINOIS Segal Sentencing Delayed Indefinitely for Psychiatric Evaluation Former Chicago insurance broker Michael Segal’s sentencing for a federal conviction on 19 counts of fraud and racketeering related to nearly...
News Briefs
Jul 18 2005 // Arkansas P/C Claims Reports Hearing Scheduled The Arkansas Insurance Department will hold a public hearing July 27 to determine whether Insurance Commissioner Julie Benafield Bowman should revise and re-adopt Rule and...
By George Rothert
Jul 18 2005 // Working With Your E&S Wholesaler: Be Nice You’ll Need Them Again! The surplus lines industry pendulum is now on its backswing into a soft market. A couple years of market restriction and firm pricing brought a...
An Insurer’s Right to Reimbursement: Frank’s Casing
Jul 18 2005 // Insurers have long sought the right of reimbursement in Texas and, in the right circumstances, the court’s opinion will provide a valuable tool. The most significant Texas insurance case this year is the Texas...
Agent Leader Hits Hodgepodge of Disclosure Rules by Insurers
Jul 18 2005 // While insurance companies are calling upon state officials to coordinate their responses to the various brokerage compensation and other inquiries, independent insurance agents are worried about how the insurers themselves...
The London Bombings: Terror Pool Will Help Cover Losses
Jul 18 2005 // Sept. 11, March 11, July 7-dates on a calendar until 2001, 2004 and now 2005. Everyone living, and numbers yet unborn, will remember those dates. The latest terrorist attacks in London killed at least 52 people, sent more...
War of the Worlds: Treasury Sees TRIA as More Hindrance Than Help
Jul 18 2005 // Asked what the world would be like if there were no federal terrorism insurance backstop, the Treasury Department simply shrugged. The loss of the current federal backstop, the Terrorism Risk Insurance Act, which expires...
A Rare California Policy Success Trying to Survive
Jul 18 2005 // This month new workers’ compensation insurance rates went into effect in California. And thanks to reforms championed early on by State Sen. Charles Poochigian and Assemblyman Abel Maldonado, and later pushed by Gov....
Insurer Resists Payment in Mont. Aviation Crash
Jul 18 2005 // The sole survivor of a 2004 plane crash that killed three men is demanding the aircraft’s insurer cover more than $46,000 in unpaid medical bills, but the insurance company is resisting. AIG Aviation Inc., the...
Va. Med-Mal Insurer’s Collapse Has Patients and Doctors Scrambling
Jul 18 2005 // Like many pediatricians, Dr. Raymond Jones has enjoyed watching his “kids” graduate from infancy to college. But his smiles often masked his anxiety that he was about to be ruined. The 2002 collapse of his...
A Consumer View on Loss-History Databases
Jul 18 2005 // Thanks to the leadership of Commissioner Jim Poolman, North Dakota insurance consumers now have common-sense protections against unfair underwriting and rating actions by insurers because of information in loss history...
Working With E&S Wholesalers: Be Nice … You’ll Need Them Again!
Jul 18 2005 // The surplus lines industry pendulum is now on its backswing into a soft market. A couple years of market restriction and firm pricing brought a temporary prosperity to the industry. The so-called “standard”...
Insurers Balk about Added Burden as N.J. Gov. Codey Signs Bill Restoring Consumer Advocate Office for 2006
Jul 18 2005 // New Jersey has brought back to life the state’s consumer advocate office that was killed more than 10 years ago. New Jersey Acting Gov. Richard J. Codey recently signed into law a bill that restores the Department of...
BIG CHANGES FOR SMALL GROUP MARKET:
Jul 18 2005 // Gov. John Lynch signed into law a bill that promises to dramatically change the way health insurance companies set rates for small businesses in New Hampshire. The law takes effect Jan. 1, 2006. Under it, insurers can no...
New SOX Rules Don’t Fit Mutual Insurers for Size
Jul 18 2005 // It’s obvious to us at the National Association of Mutual Insurance Cos. that there are crucial differences between public and mutual insurers. That’s why we oppose the National Association of Insurance...
The London Bombings: Terror Pool Will Help Cover Losses
Jul 18 2005 // September 11, March 11, July 7–dates on a calendar until 2001, 2004 and now 2005. Everyone living, and numbers yet unborn, will remember those dates. The latest terrorist attacks in London killed at least 49 people,...
Bill Would Leave Insurers With $500 Million Fox River Cleanup Tab
Jul 18 2005 // A bill that would force insurers to pick up the estimated $500 million tab to clean up the polluted Fox River has been passed by the Wisconsin Assembly on a 49-44 vote. The bill now heads to the Senate, but will not be...
Case Law Watch
Jul 18 2005 // Wooddale Builders vs. Maryland Casualty Co. (Minnestoa Court of Appeals, May 3, 2005) —Ruling: Appropriate end date for time-on-the-risk allocation is date of remediation.House builder brought action against...
War of the Worlds: Treasury Sees TRIA as More Hindrance Than Help
Jul 18 2005 // Bush Administration Policy Questions Need for Renewal of Federal Backstop Asked what the world would be like if there were no federal terrorism insurance backstop, the Treasury Department simply shrugged. The loss of the...
The London Bombings: We Won’t Be ‘Terrorized by Terror,’ Says Blair
Jul 18 2005 // September 11, March 11, July 7 –dates on a calendar until 2001, 2004 and now 2005. Everyone living, and numbers yet unborn, will remember those dates. The latest terrorist attacks in Lon-don killed at least 49...
